Amer­i­cans are buy­ing new cars and trucks at the fastest rate since 2007 as they replace the old­est vehi­cles ever on U.S. roads. Automak­ers includ­ing Chrysler and ana­lysts said they expect pent-up demand, attrac­tive financ­ing offers and an improv­ing econ­o­my will keep pro­pelling indus­try sales as the Fed­er­al Reserve winds down its unprece­dent­ed eas­ing pro­grams.

GM rose 2 per­cent to $34.67 at 10:27 a.m. New York time, while Ford gained 2.1 per­cent to $16.07.

Nis­san prob­a­bly led all automak­ers with a 13 per­cent increase in U.S. sales, match­ing the aver­age of eight esti­mates. The Yoko­hama, Japan-based company’s deliv­er­ies surged 25 per­cent in May, triple the indus­try­wide increase, after cut­ting the price of sev­en mod­els, includ­ing its top-sell­ing Alti­ma sedan.

Toy­ota sales topped the 6.2 per­cent of eight esti­mates. The Toy­ota City, Japan-based com­pa­ny sees sta­ble rates for auto buy­ers in the near term, Bill Fay, group vice pres­i­dent for U.S. sales, said last month on Bloomberg Radio.